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20121027
20121104
Search Results 0 to 9 of about 10 (some duplicates have been removed)
. i'll be talking with the head of allstate insurance about the massive disaster relief efforts under way, how fast are they paying the claims and what kinds of impacts investors can expect to see on the bottom line. >>> later the government's role in recovering from sandy has raised debate whether bigger government is necessarily better. we'll discuss both sides of the argument off of that hot issue in a few minutes. stay with us. >>> welcome back. one of the companies reporting earnings today in the thick of the recovery from hurricane sandy. tom wilson is ceo of allstate insurance and joins us now exclusively after reporting earnings. what timing, tom. >> hi, maria. how are you? >> i'm doing okay. i want to get to your earnings in a moment but here we are in terms of insurance being on the front center given the fact that so much destruction has occurred. let me talk about andy before we get into the earnings, tom. lot of people wondering what kind of damage we're expecting. how do you see it? >> well, this is a massive storm, maria. there's two things that drive a storm, the damag
about. that's insurance for the modern world. esurance. now backed by allstate. click or call. esurance. now backed by allstate. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> 5.7 million people are without power. 13 people have died. and big cities up and down the eastern seaboard are going to be virtually shut down again tomorrow from new york and boston, philadelphia, and more. let's check in with nbc meteorologist bill karins for the very latest on sandy. bill, good evening once again. >> we're still trying to recover from that high tide cycle, chris, that caused all the devastation and destruction. all the way from areas of long island southwards down through the new york city area. the breezy point area of queens, and the rockaways, some
stocks, allstate, progressive, chubb, and if you take a look, you can see allstate opened down, then rallied since, but the volumes very, very light, nothing abnormal, so if you look at all of them, most of this em -- not a lot of volume, not a lot of activity, and i will continue to drive on this theme, what i am hearing is people are sitting on their hands and don't expect a lot of movement until early next week. >> we want to bring in jim paulson, chief investment strategist, brian belski, chief strategist with bmo capital market guys. good to see you guys. jim something wrote how great does that opening bell sound? it was a good thing to have. >> i think so. ty end of the day i think this is more a human tragedy and t-term economic hit, because it wasn't a financial panic which closed the market, which a lot of closures have been panicky. but even though it was closed for four consecutive days, it was opening elsewhere. and every day we had pricing action going on somewhere. futures here, overseas market, that allowed us to keep track of where we were, so i think that took
insurers here in new jersey. about 11% market share. liberty mutual and allstate just below that with about 8%, and then chubb falling just below that with just over 7%. we should also note that a report from credit sweet said that as losses start too get into the $20 billion and $30 billion, allstate and chubb will be set to benefit from some of that, though we should note with the markets just opening today, those are definitely going to be some stocks that people will be watching as the market reopens and some of this damage is to be expected. of course, residents no doubt still reeling, and governor christie said fema will be a strong force here, no doubt, for many, many months. and he kept stressing that word, noting that this will be a very long recovery process. people are just starting to try and put the number on very early estimates. back to you. >> kayla, it looks like we're taking a few hits from your shot, but it is surprising to see the lights behind you. i don't know if you can still hear us, kayla. have they had these lights on the whole time with generators? is that a new c
recommend for people right now? i understand because of dangerous driving conditions, allstate highways are closed now. it's a nonemergency vehicles starting at 1:00 this afternoon. if you have to get out of your house, well, what are the alternatives? >> well, we're not writing tickets for cars. that's -- we're trying to get trucks off right now. that's our focus, and also encourage people to stay home. if you are at home and at a place that we've already asked you to leave, then any time you can leave is a good time, unless you are surrounded by water, and tonight is our most critical time, depending on the wind at high tide and high tide begins in connecticut at 10:00 p.m. and then plays itself down the coast until about midnight when people will have the highest volume in the western portion of the sound. you know, leave. we've told about 260,000 people that they should vacate where their residents are, and a good number of people are listening. >> is this a mandatory evacuation in your state? >> vacs are given on a local basis. we have told everyone to use category four maps for to
for the modern world. esurance. now backed by allstate. click or call. because it helps you keep doing what you love. no wonder it's america's #1 selling pain reliever. you took action, you took advil®. and we thank you. lemonade and ♪ok action, you took advil®. ♪ you can help others along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, the more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum. so that when you find the job you want you'll be a perfect fit. let's get to work. >>> b
pacific region. allstate earned $1.46 a share for the third quarter. 33 cents above estimates with revenue also beating consensus by a wide margin. the insurance company saw increased revenue from premiums as well as smaller catastrophe losses. and jda software reportedly on the verge of being acquired by new mountain. they'll pay $45 a share. a tooflgts $1.9 billion. the stock had jumped 12% yesterday on reports that the company might put itself up for sale. >> if you have comments, questions about anything you see here, squawk the at cnbc.com. still ahead, tech jobs in america, how many are really out there and are they being filled? that's coming up next. plus kate kelly will be checking the supply chain for gasoline getting in to the tri-state area. i'll have to ask her if i have to car pool back into the city after the show. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> take a look at u.s. equity futures. s&p 500 would be off marginally. nasdaq would be up marginally after a r
Search Results 0 to 9 of about 10 (some duplicates have been removed)

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